OPEN-SOURCE SCRIPT
Best of Option Indicator - Manoj Wadekar
Updated
Plot this indicator for both CALL and PUT options and buy only when color of candle is YELLOW and above BLACK line.
Release Notes
This indicator is mainly for educational purpose and please back test first before actual trading. 1. Plot this indicator for both CALL and PUT options simultaneously, use Microsoft Edge browser for split screen resolution if needed.
2. Once we have "BUY" signal along with YELLOW candle, try to add some QTY near BLACK line.
3. Smart entry will be on GREEN line, as our Stoploss will be too small i.e. below Green line.
4. Scalper can use 3min or 5min, and for better result - please use on 15min timeframe.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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